Being “Frugal” Can Help You Gain Financial Independence

 by: Michael Saunders

To maintain control over your financial situation, you need to limit yourself. When doing so, be strict - but not too strict that you will be more apt to give up. With self-discipline, you are bound to succeed in improving your financial situation. In other words, learn to enjoy life as a cheapskate!

Being a cheapskate doesn't mean you can't enjoy life; it just means you enjoy life while making a conscious effort to budget and save money. If you admit you get pleasure from actually spending money, then I would suggest you first realize that this is a problem, especially if you don't have the money to do this. Even if you do have the money, unless you are a multimillionaire, spending for the sake of spending may be detrimental to your financial condition in the long run. Take the necessary steps to convince yourself that, as a cheapskate, you can enjoy life too.  (continued...)
Being “Frugal” Can Help You Gain Financial Independence
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About The Author

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Credit Repair and Debt Consolidation and is president of Information Organizers, LLC.

Link Group Ltd., a rent and sale home provider, has been named 'Scottish Social Enterprise of the Year’ in the 2013 Social Enterprise Scotland awards.

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Edited by: Michael Saunders

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